Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#694,861
Oct 11, 2022 7:52pm Oct 11, 2022 7:52pm

Robinhood1
Joined Dec 2011 | Status: Postmaster | 11,928 Posts

POSTMASTER

#694,862
Edited 8:16pm Oct 11, 2022 7:54pm | Edited 8:16pm

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting tenkanzen

Disliked

{quote} I'm looking for other yen pairs to rally as well. Cheers.

Ignored

Now any Yenn short must be treated with cautious since we are in the red zone.

More time in the market, does not mean you trade better!

#694,863
Oct 11, 2022 8:01pm Oct 11, 2022 8:01pm

Fardeen1209
Temporarily Suspended | Joined Jul 2021 | 3,677 Posts

Quoting TheWolf

Disliked

{quote} Thanks for the link! "So now, inflation is spiking in Japan and the yen is getting killed. Unwinding a portion of the balance sheet in this manner likely removed some fuel from inflation and maybe kept the yen from plunging further. But what the BOJ really needs to do, in addition to QT, is raise its policy interest rates by a bunch to not be left further behind by the Fed and even by the ECB, and it needs to remove the peg on the 10-year JGB yield and let the yield float higher. And that will likely happen, but not before BOJ governor Haruhiko...

Ignored

So in the case it didnt slow down, they will see how the market will react, will there be sharp and extended move, or slowly moving to the up.
If the former, IMO, then be ready for another 300-400 pips intervention.

More time in the market, does not mean you trade better!

#694,864
Oct 11, 2022 8:28pm Oct 11, 2022 8:28pm

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

If anyone wants to short GU today, it is the ripe time to short it now and then hit a tp of 1.07 today or tomorrow. Trade safe. Keep your SLs or hedge trades in place if it fails.

WARNING: This post warps space and time in its vicinity.

#694,865
Oct 11, 2022 8:32pm Oct 11, 2022 8:32pm

dantpm
Joined Aug 2022 | Status: Trader | 4,859 Posts

Quoting WizardTrade

Disliked

If anyone wants to short GU today, it is the ripe time to short it now and then hit a tp of 1.07 today or tomorrow. Trade safe. Keep your SLs or hedge trades in place if it fails.

Ignored

Have you seen gatorinla's plan for GU?
Similar to your own, different rational and short term goals.

#694,866
Oct 11, 2022 8:32pm Oct 11, 2022 8:32pm

RaHaG0D
Joined Nov 2021 | Status: I'm colorful and happy | 1,261 Posts

The price is at the previous H in 4H and may be supported a little, Of course the news of the pound can intensify this support. My analysis is based on buying & I intend to buy, but at a good point
For now, I missed the Buy & I will wait

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